LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION March 14, 2017 TO: Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1352 by Pickett (Relating to the conveyance of property by a municipality for the public purpose of economic development.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Local Government Code relating to the transfer of real property for economic development to an entity to promote economic development in the municipality. The bill would require that notice of the transfer of the property must be published in a newspaper in general circulation in the county. Local Government Impact The City of El Paso estimates the cost to run the newspaper notice would cost not more than $4,800 per year. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, CL, GG, BM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
March 14, 2017
TO: Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1352 by Pickett (Relating to the conveyance of property by a municipality for the public purpose of economic development.), As Introduced
TO: Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1352 by Pickett (Relating to the conveyance of property by a municipality for the public purpose of economic development.), As Introduced
Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development
Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1352 by Pickett (Relating to the conveyance of property by a municipality for the public purpose of economic development.), As Introduced
HB1352 by Pickett (Relating to the conveyance of property by a municipality for the public purpose of economic development.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Local Government Code relating to the transfer of real property for economic development to an entity to promote economic development in the municipality. The bill would require that notice of the transfer of the property must be published in a newspaper in general circulation in the county.
Local Government Impact
The City of El Paso estimates the cost to run the newspaper notice would cost not more than $4,800 per year.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, CL, GG, BM
UP, CL, GG, BM